Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) is launching a dedicated transportation and logistics unit in North America to be led by Helen Leonard, Inland Marine Global Product leader. The new division will offer rail, motor …
Cyber risk is costing the global economy $445 billion annually, $108 billion of which comes from the U.S., according to a new report. The report from insurer Allianz Global Corporate & Specialty also predicts cyber insurance premiums will grow globally …
Allianz Global Corporate & Specialty has named Matthew Shumaker to a team leader position for the Los Angeles, Calif. and Mountain states territory. Shumaker will be based out of the Irvine, Calif. field office. He will be responsible for leading …
Chris Fischer Hirs, the head of Allianz SE’s specialty insurance business, said he welcomes the growing participation of Wall Street in the insurance industry as an opportunity, not a threat. “Hedge funds bring capacity to the market,” Fischer Hirs said …
Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) announced that Bernard McNulty has been named the head of claims Canada, effective immediately. Based in Toronto, he will report directly to Ulrich Kadow, chief agent Canada, with a …
Allianz Global Corporate & Specialty (AGCS) said it has completed the sale of the U.S. personal lines business of Fireman’s Fund Insurance Co. (FFIC) to ACE Ltd. The sale, which closed on schedule as previously announced, is valued at $365 …
Business interruption (BI) and supply chain, natural catastrophes and fire/explosion are the major risks that occupy the attention of companies at the start of 2015, according to the fourth annual “Allianz Risk Barometer 2015.” The Risk Barometer details the top …
Allianz SE hired Zurich Insurance Group AG’s Paul Schiavone to oversee financial products in the U.S. and Canada as Europe’s largest insurer builds its commercial business in North America. Schiavone, 46, was named regional head of financial lines in North …
Allianz Global Corporate & Specialty SE (AGCS), the global industrial insurer of the Allianz Group, is expanding its Board of Management with new regional responsibilities. The company is also introducing a new line of business to serve mid-size companies under …
A.M. Best has released a preliminary report, which indicates that the “total insurance loss of Malaysia Airlines Flight MH-17, which crashed over the Ukraine-Russia border on July 17, 2014, is not expected to result in any ratings actions.” Best’s Briefing …
